Colliers International Completes Sale of 672-Unit Autumn Ridge Apartments in Phoenix

Colliers International in Greater Phoenix recently completed the sale of the 672-unit Autumn Ridge Apartments, a Class B complex in North Phoenix. Houston-based Domain Acquisitions LLC in partnership with BH Equities LLC of Des Moines purchased the complex, located at 1944 W. Thunderbird Road, from Summit Autumn Ridge LLC of Los Angeles. Colliers Cooke Team,…

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MG Properties Group Acquires Arizona and California Multifamily Communities for $50 Million Total

MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of two multi-family properties; the 376-unit Garden Grove Apartments in Tempe, Arizona and the 72-unit Bella Vista Apartments in Napa, California. “Both acquisitions leverage our existing management platform, creating operational efficiencies and allowing us to scale our portfolio in…

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Colliers International Completes Office Lease for Wilson Engineers in Phoenix

Colliers International in Greater Phoenix recently completed a 14,629-square-foot long-term lease in a Class B office building in southeast Phoenix for Wilson Engineers. Wilson Engineers, LLC of Phoenix leased space at 9633 S. 48th St. from 48 Piedmont Place, LLC of Phoenix. Kathy Foster, senior vice president, and Lindsey Carlson, vice president, both of Colliers…

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Cushman & Wakefield Advises in Largest Occupier Deal in San Francisco History

In an historic and unparalleled commercial real estate transaction, Cushman & Wakefield’s San Francisco office announced today it advised Salesforce in the purchase of 50 Fremont Street. Salesforce, the world’s #1 CRM Company, is purchasing the asset from TIAA-CREF who acquired the building in 2005. The 41-story, 817,000 square foot Class A office building is…

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CBRE’S FIJAN BROKERS HIGHEST PRICE PSF ON RECORD IN FREEPORT-MCMORAN CENTER SALE

Last week the Phoenix Business Journal reported the office portion of Freeport-McMoRan Center in Downtown Phoenix sold for $110 million, or $442 per square foot. In an exclusive interview with Commercial Executive Magazine’s Mandy Purcell, CBRE’s Executive Vice President Jim Fijan who was responsible for negotiating the transaction, discusses the sale, what it means for…

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Accelerated Development Services Welcomes 87,915 SF At Home to Market Center Crossing in Albuquerque, New Mexico

Accelerated Development Services in partnership with Q Investments has finalized a lease with Texas-based At Home Stores. The project is located at the northeast corner of Interstate 40 and Eubank and is shadow anchored by Target. At Home will occupy 87,915 square feet of the former Sports Authority and Michael’s spaces. “Not only is At…

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CBRE Multifamily Investment Group Negotiates $7.75 Million Sale of Hidden Cove Apartment Complex in North Phoenix

CBRE has negotiated the following multi-family sales transaction: • Coastal Properties Corp. from Alberta, Canada has purchased Hidden Cove, a 150-unit multi-family property located at 2001 West Union Hills Drive in Phoenix, Ariz., from Rosebud LLC of Beverly Hills, Calif. Brian Smuckler and Jeff Seaman with CBRE’s Phoenix office represented the buyer and Bert Kempfert,…

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Scottsdale Haciendas Condominiums & Townhomes in Scottsdale Arizona Sells for $9.25M

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the bulk condominium sale of Scottsdale Haciendas, a condo conversion community that is located in Scottsdale, Arizona. The purchase consisted of 79 garden-style condominium and townhome units (out of an original 180 units total on the property) and transferred HOA control…

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WOOD PARTNERS BREAKS GROUND ON ALTA PARADISE RIDGE IN NORTH SCOTTSDALE

Wood Partners has begun construction on Alta Paradise Ridge, a 278-unit luxury multifamily rental community on 5.85 acres in North Scottsdale near Arizona’s second-largest office submarket and world-renowned upscale shopping, golf, recreation and fine dining. Leasing is expected to begin in the 4th quarter of 2015. “Alta Paradise Ridge will be a contemporary, highly amenitized…

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NAIOP ARIZONA’S DEVELOPING LEADERS SELECT MENTOR PROGRAM CLASS FOR 2014/2015, PROMOTE INDUSTRY NETWORKING

NAIOP Arizona’s highly successful Mentor Program, now in its fourth year, announced its 2014/2015 class. The class of 2014/2015 and the mentors: >> Zach Barness, Tratt; Keaton Merrell, Legacy Capital >> Patrick Boyle, CBRE; Jim Wentworth Jr., Wentworth Property >> Derek Buescher, Irgens; Pat Devine, Cushman & Wakefield of Arizona >> Katie Bush, Phoenix Design…

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NATIONWIDE REALTY INVESTORS TO CELEBRATE FIRST PHASE OF DEVELOPMENT AT $750 MILLION RIVULON IN GILBERT

Columbus-based Nationwide Realty Investors will host an event today to celebrate the first phase of its $750 million Rivulon Development. Nationwide Realty Investors president Brian J. Ellis, Isagenix president Jim Coover, Gilbert Mayor John Lewis and other local and state leaders will be in attendance. “We are thrilled to be underway with the first phase…

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